Re: the rake in poker
[ QUOTE ]
If they were to decrease their rake, they would find an excess in demand which they may not be able to handle with their current software (we've even seen tournys crash due to an excess of people! Imagine if they decreased the rake of these tournys). Likewise if they increase it more, there would be an excess of supply. It's Econ101 people!
[/ QUOTE ]
I don't think them offering a multi that is 150+11 instead of 150+12 is going to make one person decide to play it who normally wouldn't. Or even 150+5 for that matter.
Likewise, I do not think relating rake costs to economic models about supply and demand is totally fair and accurate. Where as most people who go out to buy a new television generally know what the "going price" of a TV is, new poker players are unaware of rake and its implications on the game. We've been through it many times already that a new player does not understand how 20 cents taken out of a $10 pot is going to effect their long term results versus 25 cents from a $10 pot. You cannot measure supply vs demand when the customer is unaware and clueless.
|